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Rockwell Ginsberg to step down as CEO of Kush Islands (WSE: HOT) 

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Written by Xavier Mohr   
Wednesday, 12 December 2007

Kush Islands (WSE: HOT) CEO Rockwell Ginsberg has posted a resolution today at the World Stock Exchange website, asking shareholders to approve the appointment of a new CEO, citing scheduling conflicts with his current real-life situation.

Per the announcement:

***Rockwell Ginsberg to Step Down as CEO of Kush Islands***

Submitted by: Kush Islands (HOT)

Dear Shareholders,

In January, I will return to school part time and will continue to work my full time job at the hedge fund. I am excited about these challenges in my real life, but they will leave me unable to devote the necessary time to running Kush Islands.

Clintovius Trotter has been our COO for awhile now, and he understand the way we do business. Clint's proven himself to be a competent and devoted executive of our company. His schedule should also be more stable than my own going forward. He is a true asset to us as shareholders. It is for these and many other reasons that I would like to ask for your vote in approving Clint as our new CEO, effective December 15, 2007.

If the resolution is approved, I will stay on as Chairman, an available advisor to Clint, but will no longer be involved in the company finances or operations. Clint will take ownership of the islands (shareholders will not bear the transfer fee expense). And Clint will receive an equity stake in the company from my personal shares (no new shares will be created).

I ask that you please approve the resolution and elect Clintovius Trotter as our new CEO.

I have learned a great deal about business from my time at the helm of Kush Islands. And I am confident that we will be in good hands with Clintovius running the company going forward.

If you have any questions, please feel free to email me at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or IM me inworld.

Best Regards,

Rockwell Ginsberg
CEO, Kush Islands

At the time of this post, shareholders seemed to be voting strongly against the move, with approximately 193,198 votes against the resolution and only 55,866 votes for it.

Stay tuned to SLReports.net for more information.

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